Retirement Longevity Pay Sample Clauses

Retirement Longevity Pay. As used in this Agreement, “retire” or “
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Retirement Longevity Pay. In the calendar year of retirement, each retiree shall choose one of the Options listed below: Option A: Individual PPO Blue Health Coverage, including dental and vision coverage for a period of ten (10) years from the employee’s retirement date. Option B: Retirees not needing medical coverage will receive $40,000 to be paid in two annual installments.
Sample 1

Related to Retirement Longevity Pay

  • Longevity Pay Effective July 1, 2008, employees at ten (10) years of County service shall receive a two and one-half percent (2.5%) longevity pay differential.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Longevity Payments All employees, who are hired on or after January 1, 1989, shall not be covered by this Article. Full-time employees on the County Payroll as of December 31, 1988, shall be entitled to longevity pay subject to the following provisions:

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

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